I need some assistance with the attached file.
The income statement of Engle Company includes the items listed below:
Net sales $900,000
Gross profit on sales 315,000
Beginning inventory 100,000
Purchase discounts 15,000
Purchase returns and allowances 8,000
Operating expenses 300,000
Use the appropriate items listed above as a basis for determining:
(a) Cost of goods sold.
(b) Cost of goods available for sale.
(c) Ending inventory.
Excel sheet that outlines solution.